KL bourse faces selldown risks!

KLCI continue to go south today,  down 16.54 points to close at 1526.43.

I was expecting the downtrend to be mild and not as fierce as these.

Is it good time to buy now?

Initially, I was planning to buy-in on next Monday or eve of  CNY but some of the stock are getting attractive now. May be will change my plan to buy some tomorrow. Will see.....

Read the article below from Business Times, do you feel eerie when first glance at the title?

KL bourse faces selldown risks: Credit Suisse
Malaysia’s stock market is vulnerable to “profit-taking” in the short term as the benchmark index is still up 1.6 per cent this year while other Southeast Asian markets have fallen, according to Credit Suisse Group AG.

Muhibbah Engineering (M) Bhd, Wah Seong Corp, SP Setia Bhd, British American Tobacco (Malaysia) Bhd, Telekom Malaysia Bhd, Sime Darby Bhd. and Malayan Banking Bh. are stocks which risk being sold down because they’re “fundamentally weak,” Tan Ting Min, an analyst at Credit Suisse, said in a report today. -- Bloomberg